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TCC recently held a well-received webinar entitled ‘What risks remain for firms following the FCA’s ongoing advice review findings?’ to share our house view on the regulator’s latest communication for wealth managers. TCC’s Chief Product and Chief Commercial Officer, Garry Evans, was joine
TCC is currently looking for a team of experienced Claims Handlers to investigate pensions and investments claims. Job Title: Claims Handler Rate: £325 per day via umbrella Start Date: June 2025 Duration: 6 months initially Location: Hybrid – 3 days per week in Bradford / working from home Essent
The FCA recently reported that 83% of suitability reviews were conducted as required, according to data it collated for its ongoing advice review. With this in mind, TCC has sought the opinion of wealth managers on these results; 72% stated that it was a better outcome than they expected, a further
On Wednesday 19th March, TCC's Chief Commercial Officer and Chief Product Officer, Garry Evans, was joined by our regulatory experts, Gary Maude and David Boyhan for an insightful house view on the latest FCA ongoing advice review findings. The webinar’s key topics included: How to deliver ongoing
What you need to know about the recent FCA findings, the unnecessary hurdles insurance firms create, plus get familiar with the importance of data-driven regulation. FCA ongoing advice review findings: what you need to know [one_third padding="10px 30px 10px 10px"] [/one_third] [two_third_last paddi
Following the FCA's release of its findings into its recent ongoing advice review, TCC’s Chief Product and Commercial Officer Garry Evans catches up with our Technical Director David Boyhan – who specialises in wealth management to unpack all the detail. In the final instalment of the five-part
Following the FCA's release of its findings into its recent ongoing advice review, TCC’s Chief Product and Commercial Officer Garry Evans catches up with our Technical Director David Boyhan – who specialises in wealth management to unpack all the detail. In the fourth instalment of the five-part
Following the FCA's release of its findings into its recent ongoing advice review, TCC’s Chief Product and Commercial Officer Garry Evans catches up with our Technical Director David Boyhan – who specialises in wealth management to unpack all the detail. In the third instalment of the five-part
Following the FCA's release of its findings into its recent ongoing advice review, TCC’s Chief Product and Commercial Officer Garry Evans catches up with our Technical Director David Boyhan – who specialises in wealth management to unpack all the detail. In the second instalment of five-part min
Following the FCA's release of its findings into its recent ongoing advice review, TCC’s Chief Product and Commercial Officer Garry Evans catches up with our Technical Director David Boyhan – who specialises in wealth management to unpack all the detail. In the first of this five-part mini-serie
Back in February 2024, following concern from the FCA that ongoing advice services may not have always been delivered as they should have been, the regulator requested data from 22 of the largest advice firms. The data survey asked firms to submit information about the number of clients who w
After months of speculation, the FCA has released its findings into its ongoing advice service review, with the key takeaway that suitability reviews were delivered in the ‘vast majority’ – 83% of cases. The analysed data provided by 22 of the largest financial advice firms also reported that
In December, the FCA highlighted the need for firms to enhance the quality of their data concerning Consumer Duty board reports. It stated, “Some firms did not have sufficient data quality to justify conclusions or to give governing bodies adequate assurance that firms are meeting their obligation
It’s been 18 months since the Consumer Duty became the FCA’s benchmark for standards regarding consumer protection in financial services. And as firms continue to navigate this transformative era, TCC’s regulatory experts have taken stock of the frequent questions and obstacles that firms face
The landscape of ongoing advice servicing is being scrutinised by the FCA, and soon, the regulator is likely to release more details about what it expects from firms. In the interim, the experts at TCC have considered what proactive steps firms can take now to stay one step ahead. We’ve com
For a number of years, the FCA has stated it strives to be a data-led regulator and with the regulatory spotlight currently shining on ongoing advice services and motor finance, the time has never been more apt for firms to consider how they collate and use their data effectively. In his latest Mon
Only one month into 2025, the financial services sector is already abuzz with discussions and analyses concerning the diverse compliance and regulatory challenges anticipated this year. These topics were at the forefront of our recent TCC compliance forums, hosted by our in-house regulatory speciali
It’s said convenience is king, so it’s surprising to see that despite clear and straightforward guidance from the FCA, some insurance firms are still creating unnecessary hurdles for customers who wish to cancel or adjust a policy. At TCC, we've noticed a trend where the simplicity of pur
As the festive season gathers pace and the December days buzz by, businesses everywhere begin thinking about how to celebrate with their customers, partners, and employees. One tradition that never goes out of style is the corporate Christmas card. And as their design has evolved from traditional po
Ongoing advice servicing is currently the biggest challenge for the wealth sector and probably will be for some years to come. Paying for what you don't need or receive One of the key concerns from the FCA – one that it has had for several years – is that many advice clients sign up for a
The FCA's latest portfolio strategy letter for financial advisers and investment intermediaries has become an important cornerstone of its communications. While the business plan remains a must-read, the portfolio strategy letter offers deeper, sector-specific insights, highlighting the FCA’s prio
Close Brothers Group and FirstRand Ltd have announced plans to appeal to the UK Supreme Court after the Court of Appeal ruled against them in a landmark decision on motor finance commission disclosures. The ruling that was delivered on Friday, 25th October 2024, upheld complaints from three consume
Two recent huge fines imposed by the FCA have once again spotlighted the ongoing need for improvement across all forms of financial service lending. It highlights that firms need to ensure that customers are receiving effective support and good outcomes in periods when they experience financial diff
The FCA has revealed that TSB Bank plc has been fined £10.9m over their treatment of customers who faced financial difficulty. The regulator also identified that TSB did not have adequate systems and controls in place to ensure fair treatment and outcomes for these customers. In response, TS
